SEC Has Denied 2 Whistleblower Claims In 2014

By Stephanie Russell-Kraft

Law360, New York (April 02, 2014, 6:17 PM ET) -- Following a record-breaking $14 million award announced last October, the U.S. Securities and Exchange Commission has yet to approve any whistleblower awards in 2014, denying two in March on the grounds that the informants did not provide the commission with “original information.”

According to redacted denial orders made in January but approved in March, the agency denied whistleblower awards to one woman who provided information to the U.S. Department of Housing and Urban Development and the FBI from 2008 to 2011 and an unnamed individual who...